š $pippin just pumped hard and now everyone is suddenly acting like itās only going up⦠This is exactly where most people enter late and get stuck.
The move has already happened ā from ~0.025 to ~0.035. After that, OI increased and funding flipped positive. That clearly shows late longs entering, not early buyers. When the crowd jumps in after the move, the market usually slows down or pulls back before the next real leg.
Right now this is not a clean breakout. This is a trap + decision zone.
If you want to trade:
- Donāt long here, youāre late
- Donāt blind short either, wait for a proper reaction
š Short Setup
If price pushes into 0.036 ā 0.038 and fails to hold with weak candles, a short makes sense.
SL above 0.039
Targets: 0.032 ā 0.029
š If price loses 0.032 directly
Then continuation lower is possible.
Next zone: 0.029 ā 0.026
Now for holders:
š If you bought above 0.04
This is currently the worst zone.
Donāt just hope.
- Best unload zone is if price gives a bounce near 0.036 ā 0.037
- Use that bounce to reduce your position
- Donāt hold full size waiting for recovery
If it drops again, you can always buy back lower instead of holding the full loss.
š If you bought in the 0.03 ā 0.02 range
Youāre still in a good position.
- Book some profit
- Hold some for upside
- Donāt ignore the pullback
š About 0.08 ā 0.1
Yes, itās still possible. I said that earlier and nothing has changed in the bigger picture.
But it wonāt go straight there from here.
First the market needs a cooldown, then accumulation, then the next real move.
The fuel from the first pump has already been used ā expecting a straight moon from here is not realistic.
This is no longer the early phase.
This is exactly where emotions trap people.
Wait for the reset, then act.